5 Resilient Stocks During Market Bloodbath

2. Infleqtion Inc. (NYSE:INFQ)

Infleqtion saw its share prices surge by 12.32 percent on Tuesday to finish at $15.96 apiece as investors cheered the US government’s issuance of a new executive order to accelerate the development of quantum computing technologies.

In an EO published Monday, June 22, President Donald Trump ordered the government to supercharge US innovation in quantum technologies and strengthen the country’s national security in the area.

Among others, the order establishes a national effort to develop the first-ever quantum computer powerful enough to initiate the era of quantum-enabled scientific discovery and accelerate quantum capabilities for commercial applications. This includes evaluations of quantum computing system capabilities, an assessment of the resources necessary to build this science-enabling quantum computer, and development of specifications for such a system.

It also called on the Secretaries of Commerce, War, and Energy and the NASA Administrator to develop plans to deploy quantum-enabled sensors and networks in the next five years.

The EO followed the Department of Commerce’s $2 billion investment in seven quantum computing companies earlier this year.

Infleqtion Inc. (NYSE:INFQ) was among the government beneficiaries, having received $100 million in funding to develop the underlying engineering systems and integration requirements for large-scale neutral-atom-based quantum computers and architectures, including high-powered optical systems, novel readout, and error correction systems.